A part offered in the commercial package policy that covers farmland, equipment, and livestock.

A policy covering farm property, agricultural equipment, stock and farm liability.

FIIS was introduced on a pilot basis in 15 districts of 8 States for wheat and 4 districts of 3 States for rice during Rabi 2003-4 season. Scheme covered rice and wheat crops on homogeneous approach. Insurance unit could be an administrative unit such as a village panchayat, mandal, revenue circle, block, taluka or district and the scheme was compulsory for borrowing farmers and voluntary for non-borrowing farmers. The Government subsidized premium by 75% for small/marginal farmers and 50% for other farmers. Level of indemnity was 90% for low-risk areas and 80% for high risk areas. If the actual income (current yield x current market price) is lower than guaranteed income (average yield of 7 years × level of indemnity (80% or 90%) × MSP, the insured farmer receives the compensation.

A form attached to farm coverage. This form provides bodily injury, property damage, and personal injury coverage.

A commercial liability form attached to a Farm Coverage part to provide coverage for bodily injury, property damage, personal injury, advertising injury and medical payments for farm exposures.

This is a specially designed property liability package policy. The coverage applies to liability arising out of farming activities including products liability. Limited pollution cover for discharge of smoke or chemicals used in normal farming operations can be added. Employers’ Liability Coverage for farm workers can also be added.

A mutual insurer organized to insure farm property.

It may include grain, feed, supplies, livestock, farm machine and farm vehicles.

Property not covered under farm property coverage; for example, livestock, grain, and harvest equipment.